Emerson (NYSE: EMR) has agreed to sell a 51% stake in its Carlsbad, Calif.-based embedded computing and power business to Platinum Equity, for approximately $300 million. Emerson will retain the other 49%, and will increase its share repurchase by $600 million to offset associated earnings dilution. www.emerson.com
Brazos Private Equity Partners has acquired Southern Tide LLC, a —based lifestyle apparel brand. No financial terms were disclosed. www.southerntide.com
Confie Seguros, a personal insurance company focused on Hispanic consumers, has MORE